HIVE Digital Technologies Expands into Paraguay, Launching One of the First Purpose-Built AI BUZZ Cloud Platforms in the Country

Executive Summary

• HIVE Digital Technologies announced a strategic joint venture with Paraguay’s leading telecommunications operator to launch the country’s first purpose‑built AI “BUZZ Cloud” platform in Asunción.
• The initial deployment will be a Tier III data center hosting an enterprise‑grade GPU cluster for high‑performance computing (HPC) and AI workloads, slated to begin operations in Q1 2026.
• The expansion builds on HIVE’s existing Tier I data centers in Paraguay and aligns with its long‑term vision of evolving energy‑led digital infrastructure into scalable AI‑ready facilities.

Key Details

• Joint Venture Partner: Paraguay’s leading telecommunications operator (name not disclosed).
• Facility Location: Asunción, Paraguay – hosted within a Tier III data center operated by the telecom partner.
• Platform Name: BUZZ Cloud (AI cloud platform).
• Initial Infrastructure: Enterprise‑grade GPU cluster designed for AI training, inference, and data‑intensive workloads.
• Deployment Timeline: Expected to commence in the first quarter of 2026.
• Scalability: Platform will scale over time based on customer demand and capital availability; future expansions may include additional Tier III capacity.
• Energy Source: Powered by Paraguay’s renewable hydroelectric power, leveraging the national fiber network for low‑latency connectivity.
• Existing Presence: HIVE already operates Tier I data centers and electrical substations in Paraguay, currently utilizing ~300 MW of renewable energy; potential additional 100 MW capacity subject to market conditions and approvals in 2026.
• Strategic Rationale: Uses Bitcoin mining to fund Tier I infrastructure, creating a base layer for higher‑tier AI and HPC services; mirrors HIVE’s development model in Texas.
• Economic Context: Paraguay’s recent strong economic growth, stable government, and pro‑investment policies provide a favorable backdrop for long‑term digital infrastructure investment.
• Workforce Impact: Anticipated downstream demand for software developers, computer engineers, data scientists, electrical engineers, and other technical professionals.

Notable Quotes

• Frank Holmes, Executive Chairman: “Paraguay has been an important operating geography for HIVE… the progression is consistent with patterns we have observed in Texas… supportive policy environment provides a constructive foundation for continued digital infrastructure development.”
• Aydin Kilic, President & CEO: “The launch of AI cloud infrastructure in Asunción represents an initial step toward enabling academia, research institutions, businesses, financial services, and healthcare organizations to access high‑performance compute capacity locally… may expand by an additional 100 MW in 2026.”